MCX Stock Exch appoints Jha as non-exec chairman

Written by Agencies | Mumbai | Updated: Jun 1 2009, 01:41am hrs
MCX Stock Exchange said it has appointed former Finance Secretary Ashok Jha as its non-executive Chairman.

"Jha would join the Board from August 1, 2009 after discharging his current responsibilities," MCX Stock Exchange said in a statement issued here.

He would be succeeding P G Kakodkar, former Chairman of State Bank of India, who has requested to be relieved for health reasons.

MCX Stock Exchange further said that UTI Chairman (former), S A Dave, would be joining the Board as an Independent Director.

The company has appointed Joseph Massey as its Managing Director and CEO, who was earlier MD and CEO of MCX.

MCX Joint Managing Director, Lamon Rutten, would be succeeding Massey, the company said.

"I welcome the new members on board. Their invaluable experience and expertise will give MCX Stock Exchange an unrivalled competitive advantage in extending its leadership beyond the current currency segment in other asset classes, to be offered based on regulatory approval," MCX Stock Exchange Vice Chairman, Jignesh Shah, said.